US Weekly Jobless Claims Decrease for the Week Ending May 13th

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 242,000 during the week ending Saturday, May 13th. This is a decrease of 22,000 from the previous week’s unrevised level of 264,000. The 4-week moving average was 244,250—a decrease of 1,000 from the previous week’s unrevised level of 245,250.

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending May 6th was 1,799,000. This is a decrease of 8,000 from the previous week’s revised level of 1,807,000 (originally reported as 1,813,000). The 4-week moving average was 1,812,500—a decrease of 15,500 from the previous week’s revised level of 1,828,000 (originally reported as 1,829,500).

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending May 6th, unchanged from the previous week’s unrevised rate.